Deferral Stipend
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Deferral Stipend, Start Dates
Skadden Sets the Pace for Start Dates and Salary Advances Instead of Stipends?
Class of 2010 graduates with offers in hand want to know when they’ll have firm-issued BlackBerrys in hand too. Last week, we had an open thread on start dates for 2010 graduates. Shortly thereafter, we heard from Skadden-bound associates. They’ll be starting in the new year, and they’ll have some money to keep them afloat […] -
Deferral Stipend, Job Searches, Start Dates
Deferred Associates and Public Interest Work: A Difficult Integration
The spate of associate deferrals that rippled throughout Biglaw last year was truly unique. There was no historical template for what would happen when firms decided to essentially skip a recruiting class by sending their would-be first years out on paid vacations to public interest organizations. The experiment — which for a lot of associates […] - Sponsored
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Deferral Stipend, Email Scandals, Job Searches, Summer Associates
Mutiny at Mayer Brown?
Apparently, people who summered at Mayer Brown in 2009 and received an offer are still waiting to hear whether they will be able to start work in a timely manner. Two former MB summer associates and current NYU Law students decided to take matters into their own hands. They sent out an email to everybody […]
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Deferral Stipend
If You Bail on Biglaw, Do You Have to Repay Your Deferral Stipend?
Last week, we wrote about an interesting claim made by Russ Ferguson in the American Spectator. The Georgetown Law grad suggested that fellow deferred grads who had a taste of the sweet nectar of the public interest lawyer lifestyle may not be willing to swallow Biglaw when the time comes. Even with a six-figure salary […] -
Deferral Stipend
Once You Go Pro Bono, You Never Go Back?
A 2009 Georgetown Law grad, Russ Ferguson, has penned a column for the conservative American Spectator suggesting that deferred associates who have signed up to work in the public interest may not want to take Biglaw spots when they open up to them. What’s that sound we hear? Oh, it’s the class of 2010 singing […] -
Deferral Stipend, Start Dates
Nationwide Start Date Round-Up: Who's making contact in 2010?
The big day is almost here for many young lawyers. Recent law grads nestling up in their beds have visions of Blackberries dancing in their heads. January 2010 will bring start dates for many bound for Biglaw firms. But some firms have had second thoughts. Winston Strawn and Nixon Peabody recently informed incoming associates of […] -
Deferral Stipend, Start Dates
Nixon Peabody Deferral Extension: Can Somebody Check A Calendar?
Dear law firms: It is December 15th. Christmas is ten days away. January 4th is a mere 20 days away. I bring this up because some of you seem to be having trouble with the Gregorian calendar. Some of you have incoming associates that are set to start at your firm on January 4th or […] -
Deferral Stipend, Start Dates
McDermott Will & Emery: Another December Deferral Extension
McDermott Will & Emery was supposed to have its incoming class start in January. But now that January is almost upon us, MWE is the latest firm to change its mind. The news first broke on Facebook late last week, via status updates of unhappy incoming associates: ♫ “re-deferment in december. happy holidays.” Yeah, there […] - Sponsored
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Deferral Stipend, Start Dates
Mayer Brown Re-Deferment: A December Surprise
Last Thursday, we asked you if deferred incoming associates were all set to start working. With a lot of associates scheduled to start in January, firms that extend the deferment in December might need a visit from Christmas ghosts. Well, a few incoming associates received a large “bah, humbug” from Mayer Brown. The firm is […] -
Deferral Stipend, Salary Cuts, Start Dates
Seyfarth Shaw: Salary Cuts and Deferral Extensions, Oh My
Seyfarth Shaw is set to become the latest firm to flip its incoming associates the Bird. A very angry tipster reports: [Seyfarth] just deferred all incoming associates to October 2010 with only $2000/month as a stipend beginning on our former start date of January 19, 2010! It’s a joke … we know for a fact […] -
Deferral Stipend, Holidays and Seasons, Parties
Holiday Party Invites: Are Deferred Associates on the List?
Earlier this month, we asked you if holiday parties were still on this year. Many people said that they were, albeit more subdued than the halcyon days of yore. But one deferred associate had this question: Aside from the question of which firms may be abandoning their holiday parties this year, it would be interesting […] -
Deferral Stipend, Job Searches, Start Dates
Open Thread: Should Deferred Associates Be Looking for Work?
Last week, we asked you if deferral stipends for incoming associates are too small. The reaction was mixed. Some people felt that incoming associates should be thankful for every penny they get. Others noted that it was extremely difficult to make loan repayments off of the deferral stipend. But many people felt that deferred associates […] -
Biglaw, Deferral Stipend, Start Dates
Open Thread: Are Deferral Stipends Too Small?
We receive a lot of interesting emails here at Above the Law. Once law firms started deferring their deferred incoming associates for a second time, we started getting emails like the one below. Since I don’t really know how to respond to the people who have been asking this type of question, I figured I’d […]
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Deferral Stipend, Start Dates
Katten Revokes Some, Defers Others, and Allows Few To Start On Time
Katten Muchin is using every tool in the box when it comes to figuring out what to do with its incoming associates. If there is a plan for dealing with soon-to-be first years that has been discussed on Above the Law, Katten is using it. A tipster reports that Katten has broken up its first […] -
Deferral Stipend, Start Dates
Shearman & Sterling Deferral Stipend
So far, firms that have deferred their 2009 summer associates to 2011 have been noncommittal about whether they will be giving a deferral stipend. Many class of 2009 graduates received money from firms for the year long wait. It’s not clear that class of 2010 graduates will be as lucky. With the market still up […] -
9/11, Deferral Stipend, Start Dates
Sidley Austin's Plans for 2010 Law School Grads(Plus another testimonial about Brian Schroeder.)
The big news out of Sidley Austin today involves Brian Schroeder, a 2009 Harvard Law School graduate who recently turned himself in for setting fire to a chapel housing the remains of 9/11 victims. Earlier today, the firm told ATL it was rescinding Schroeder’s job offer. But there are other developments at Sidley too. Regarding […] -
Deferral Stipend, Pro Bono
University of Miami Law School Puts Some Money into Public Service
Plenty of law schools talk about producing attorneys who are able to serve their community. But a new program at the University of Miami School of Law actually puts a little bit of money behind the commitment to public service. Time magazine featured the school’s new Foreclosure Defense Fellowship this weekend (gavel bang: ABA Journal). […] -
Biglaw, Deferral Stipend, Job Searches
Should Public Interest Deferrals Be A Permanent Part of the Biglaw Experience?
As many of you know, public interest organizations around the country benefited from the recession’s effects on Biglaw. There are many talented graduates of top law schools working in public interest — and being paid by the firms who have no work for them. It’s a pretty sweet deal for cash-strapped public interest organizations. Some […] -
Deferral Stipend, Fenwick & West, Money, Start Dates
Incoming Associates at Fenwick Take the Money and Run
As regular Above the Law readers know, there are a few firms that are offering “go away” money to their incoming associates. The deal, like ones at Stroock and Pillsbury, is that the firm will give incoming associates a large payment instead of a job, and the incoming associate will quietly go peruse other employment […] -
Arent Fox, Biglaw, Deferral Stipend, Layoffs, Start Dates
Incoming Associates, Some of You Aren't Going to Be Working at Arent Fox
We have done a lot of reporting on firms that have deferred their incoming class, and then extended the deferral period. At some firms, it has been an indefinite deferral extension. So give Arent Fox a little bit of credit. Instead of continuing to string the class of 2009 along, the firm has cried “no […]